On June 23rd, the ALGO engine triggered a buy signal on ORG at $6.90.
Shares of ORG got a boost today as news of a multi-billion dollar gas resource was found in the Northern Territories.
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Origin estimates that up to 6.6 trillion cubic feet of gas is in the area based on a 57-day production test. That volume is enough to cover Australia’s domestic gas needs for over five years.
We have a medium-term upside target of $8.00 and would consider ORG as a good buy/write strategy to add value to investor’s portfolios.
Origin
